Commercial property 2 643 m² in Hesse, Germany

Germany state Hesse admin. Kassel County. Ashwege Textile Shop ( up to 11.3% per annum ) Separate building for long-term rental by Hammer specialized home textiles store. The store is located in the shopping area - more than 30 diverse shops and retailers ( construction products, garden equipment, equipment, furniture, etc. ) are located nearby Location of the building: regional city of Eschwege ( population of 20 thousand people. ) in the northeast of the federal Earth of Hesse, 52 km from the city of Kassel and 55 km from the city of Göttingen. Land area: 6777m2 Useful building area: 2643m2 Year of building: 2002 In 2015, expensive repairs were made in the amount of more than 400,000 € Building condition: good Parking for 85 cars The contract with the tenant is concluded until 10/30/2025. with the option of extension 2 times for 5 years. Income from rental per year: 174,000 € ( 7.4% per annum ) It is possible to obtain a loan in the amount of 1,400,000 € at 1.75% per annum. Subject to the use of the loan, the return on the investor's own funds will amount to 11.3% per annum Price: 2 365 000 €